DekaBank Deutsche Girozentrale Has $1.76 Million Holdings in Marathon Oil Co. (NYSE:MRO)

DekaBank Deutsche Girozentrale increased its holdings in Marathon Oil Co. (NYSE:MRO) by 5.9% during the third quarter, HoldingsChannel reports. The fund owned 66,732 shares of the oil and gas producer’s stock after acquiring an additional 3,741 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Marathon Oil were worth $1,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MRO. HWG Holdings LP purchased a new stake in Marathon Oil in the 2nd quarter valued at about $26,000. Founders Capital Management increased its stake in Marathon Oil by 100.0% in the 2nd quarter. Founders Capital Management now owns 1,000 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 500 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in Marathon Oil in the 2nd quarter valued at about $29,000. Grove Bank & Trust grew its position in shares of Marathon Oil by 77.4% during the 2nd quarter. Grove Bank & Trust now owns 1,066 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 465 shares during the period. Finally, Hilltop National Bank grew its position in shares of Marathon Oil by 89.5% during the 2nd quarter. Hilltop National Bank now owns 1,620 shares of the oil and gas producer’s stock valued at $46,000 after acquiring an additional 765 shares during the period. Institutional investors and hedge funds own 77.24% of the company’s stock.

Wall Street Analysts Forecast Growth

MRO has been the subject of a number of research reports. Mizuho reduced their target price on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Susquehanna reduced their target price on shares of Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. UBS Group reduced their target price on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. JPMorgan Chase & Co. reduced their target price on shares of Marathon Oil from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Wells Fargo & Company reduced their target price on shares of Marathon Oil from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.12.

Insider Activity

In other news, insider Dane E. Whitehead sold 52,008 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the sale, the insider now owns 100,000 shares in the company, valued at approximately $2,750,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total value of $1,430,220.00. Following the transaction, the insider now owns 100,000 shares in the company, valued at $2,750,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael A. Henderson sold 38,000 shares of Marathon Oil stock in a transaction on Friday, September 6th. The stock was sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the transaction, the vice president now owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Marathon Oil Stock Down 1.6 %

Shares of NYSE:MRO opened at $27.27 on Friday. The firm has a fifty day moving average price of $27.29 and a two-hundred day moving average price of $27.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.52. Marathon Oil Co. has a one year low of $21.81 and a one year high of $30.06. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 10.61 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. Analysts anticipate that Marathon Oil Co. will post 2.41 EPS for the current fiscal year.

Marathon Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, November 15th. Marathon Oil’s dividend payout ratio (DPR) is currently 17.12%.

Marathon Oil Company Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.